Re:German digital bank N26 is facing outcry from its staff o...
by smcl on Friday August 14, 2020 @07:27AM
(#24156526)
Germany is famously a bit of a European outlier over renting vs ownership: https://qz.com/167887/germany-has-one-of-the-worlds-lowest-h...
Re:German digital bank N26 is facing outcry from its staff o...
by wott on Friday August 14, 2020 @08:27AM
(#24156995)
> Interesting, my experience is from Germany where it's much lower, barely breaking 50%.
It is not (only) a matter of capacity, it is (also) a matter of culture/habits.
In fact, if you look at various European countries, that's funny, because house ownership rates kind of go the opposite way of average wealth/income per capita.
Re:German digital bank N26 is facing outcry from its staff o...
by moooo99 on Friday August 14, 2020 @08:28AM
(#24156999)
Yes, home ownership in Germany is much lower thanks to urbanization, incompetent politics and other factors. Right now its at around 51%. Germany is last place in Europe and an extreme outlier. The comment you replied to for example referred to home ownership in the Netherlands which offers the same if not better employee protection and benefits, while surpassing the US in home ownership. Oh, and also the Netherlands is more representative of home ownership across EU countries, here are some numbers https://www.statista.com/statistics/246355/home-ownership-ra...
As I mentioned: it might still be worth it, but I really dislike this whole style of "look, everything is the same, only we have X, Y and Z". It's not, there are trade-offs. If somebody likes those trade-offs (e.g. better job security for lower compensation), then they'll prefer it that way, and that's completely valid. But to pretend that there are no trade-offs (that is: to only mention one side of the trade-offs) is misleading.